Rangebound to …
Markets have been rangebound for a decent amount of time. They remain rangebound but yesterday’s action took indices above the mid-point of that range with some areas breaking out. Let’s hope this is a precursor.
The ECB gets the credit as they are now going with another $1 trillion-plus of printing money and buying bonds…even though many of the bonds yield zippo and even less. Go figure.
A couple areas of note:
Many AIRLINES move out of range…some with volume off of strong earnings off of lower energy prices.
Leisure-type stocks also…we are talking HOTELS, CRUISE LINES and the like.
Big weekend report coming. You can watch me on Fox News Channel’s BULLS AND BEARS at 10 am et on Saturday morning.
LVS and Wynn at bottom of range and high IV have to Look at earnings play outside one standard deviation
What radio channel are you on in Orlando.? I use to listen to you in WPB thanks